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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (28019)	3/11/2005 9:30:48 AM
From: Tradelite	Respond to of 306849

It was strange that the employment/salary info was dispensed with, but actually it might not have been. Things aren't always done the way they used to be, it seems. I don't think anyone called my place of business when I refinanced--I just had to show some recent pay stubs and bank statements, and that was years ago. Considering what we've seen lately in the media about data collection agencies such as ChoicePoint and others, it's probably not hard for lenders, once they have a person's social security number and signature on a loan application, to find out all kinds of things about a person, up to and including where they bank, work, play, shop, etc. I recently called an insurance company about rates for homeowners and auto insurance, gave a little info on the phone such as vehicle registration numbers, social security numbers, and the like, and within hours got a call back. The insurance agent had the complete driving records for every member of our family--oddly, even mentioned our two sons and their cars. I did not mention the kids to her, because they wouldn't have been on the policy. Nothing is confidential anymore.